David Cameron writes about the world Economy


Prime Minister David Cameron writes ...

Six years on from the crash that brought the world to its knees, there are again warning signs for the global economy.

As I met with world leaders at the G20 Summit, the problems were plain to see. The Eurozone is on the brink of recession. Emerging market economies are slowing down. And the epidemic of Ebola, conflict in the Middle East and Russia's illegal actions in Ukraine are adding a dangerous backdrop of instability and uncertainty.

The British economy by contrast is growing, with record numbers of new businesses and employment up 1.75 million in four years - more than in the rest of the EU put together.

But the problems in the global economy pose a real risk to our recovery - and we must protect ourselves.

When we faced similar problems before, too many politicians offered easy answers, thinking we could spend, borrow and tax our way to prosperity. They were wrong then - and they are wrong now.

So we must send a clear message that Britain is not going to waver on dealing with its debts.

This stability is vital in attracting the international investment that delivers growth and jobs - and keeping long-term interest rates low. So we will stick to our plan on the deficit.

At the same time, we will carry on backing businesses by scrapping red tape, cutting taxes - and continuing to invest in the infrastructure that is vital to create jobs and enable Britain to compete successfully in the global race.

In six months' time Britain will face a choice: between our long-term plan that has seen Britain grow again, creating jobs and opportunities - or the same old easy answers that would surely have seen us fail.

So, please add your name today and show you're backing the long-term plan that will help protect our economy and give hardworking families a secure future.

Yours,

David Cameron

Comments

Jim said…
Banks lend money into existence, that is how the current system works. So every pound or every dollar that enters circulation is lent into circulation and interest is charged.

in other words, if every pound and every dollar and every euro and every yen were paid back there would still be an outstanding debt, due to the interest being charged that is not and never has been in existence.

So pray tell, how on Earth is that system ever going to be sustainable?
7:24 pm
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